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approaching fiscal cliff. stock futures are stating right now, on hopes set a round of talks in washington will lead to a breakthrough in the fiscal cliff negotiations. fair to reach a deal could push the u.s. economy into recession. the cethe uncertain see has taken a toll on markets. stocks were sold off for four straight sessions as hopes for a substantial budget agreement have diminished, and all three indexes are on track to end of december in negative territory. the dow was down 150 yester day but closed down just 18 points. after work week that investors in the house of representatives would be reconvening on sunday. >> amazon has announce this year's holiday sales as their biggest ever. consumers purchased 306 items per cent and on their peak day this season. amazons says that customers ordered 26 and a half million items on cyber monday. that's a new record for the online retailer. amazons set another record on christmas day for digital download. the kendall continues to dominate the web sites best sellers. the kendall fire 80 tablet leading the way. >> annual research study revea
fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming down with bronchitis. >> a live look at the james lick and traffic is light. it is very cold and we will have updates on your
to the positive right now in hopes of a deal on the fiscal cliff. we'll be back as the kron4 morning news continues in just two minutes. a live look at san jose, it is chilly out there and temperatures are down and the 30's and the inland spots around the bay. traffic is very light in the traffic you are seeing is the 1 01 northbound approaching the 87 interchange. >> the last trading day of 2012. we saw the down dollar down last week with concerns about the fiscal cliff. there are some hopeful signs this morning that a deal was as in the works. dow futures are up 77 points ahead of the opening bell. let's get an update on the eve forecast with erica. >> good morning and it is a cold start. a lot of your actually below the freezing point. it is clear, we have no business issues with visibility. new year's night could be the coldest of the season thus far. and would not be surprised if a freeze warning went into affect but generally dry conditions for the remainder of the week. the exception is thursday, slight potential for some rain for some of our north bay spots. temperatures out the d
to lawmakers to keep the nation from going over the so-called fiscal cliff. >> economists fear the domination of automatic spending cuts and tax increases to trigger a new recession. >> andrew spencer is points out negotiations today must overcome a " major setback. >> it is there is an ultimate compromise there will be parts of it that i find disgusting and arrest principle that i may have to swallow in the name of following a compromise. >> the senate will come to order. >> as lawmakers work on avoiding the fiscal cliff. >> talk city " major said that on sunday over so security benefits according to a democratic source. both sides agree to push for. >> i want everyone to know island to go the distance but i need a dance partner. >> vice president joe biting it is apparently that person for mitch mcconnell. if nothing is resolved by midnight tax rate from all americans will increase. democrats say it is about $2,000 for the average middle-class family. >> one mom in michigan said that is four months or the gross. that is commuting back and forth to work in gas from to three years. that is a
Search Results 0 to 3 of about 4